Monday, 13 Apr 2020 08:07 AM MYT
Despite being a country of skyscrapers and high-tech innovations, China still has millions of people on meagre incomes. China has little in the way of social security benefits and workers who lose their jobs have an inadequate safety net, meaning mass unemployment often brings a fear of unrest. Analysts at financial services firm Nomura said the nation could lose around 18 million jobs in the export sector ― nearly a third of the industry's workforce.
Source: Financial Digest (financialdigest.net)
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